by Bill McBride on 3/03/2016 08:34:00 AM
Thursday, March 03, 2016
The DOL reported:
In the week ending February 27, the advance figure for seasonally adjusted initial claims was 278,000, an increase of 6,000 from the previous week's unrevised level of 272,000. The 4-week moving average was 270,250, a decrease of 1,750 from the previous week's unrevised average of 272,000.The previous week was unrevised.
There were no special factors impacting this week's initial claims.
The following graph shows the 4-week moving average of weekly claims since 1971.
Click on graph for larger image.
The dashed line on the graph is the current 4-week average. The four-week average of weekly unemployment claims decreased to 270,250.
This was above the consensus forecast of 270,000. The low level of the 4-week average suggests few layoffs.
Posted by Bill McBride on 3/03/2016 08:34:00 AM